6/12/2008

Newly available information has caused the State Corporation Commission to reopen the transmission line evidentiary record and to require additional studies from Dominion and PJM.

Hearing Examiner Alexander Skirpan, Jr. has requested the new studies be provided by June 18th. We will then have a chance to review the studies and perhaps run our own tests before heading back to Richmond for a hearing on June 30th.

PJM Auctions Provide New Generation and Demand Response

The Hearing Examiner's order was brought about by the results of PJM's recent Reliability Pricing Model (RPM) auction. The auction, part of PJM's new market structure, collected bids for generation and demand response for the 2011/2012 time frame. The auction brought in over 4,200 megawatts of new generation and demand response. The results of this auction are particularly important, because Dominion has been threatening blackouts in the summer of 2011 if their 3000-megawatt transmission line is not built.